Retrovelo: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Retrovelo
Largest movements
- Tangible fixed assets -€1,763
down €1,763 (-10.9%), from €16,127 to €14,364
of which Other tangible fixed assets: -€1,413
- Cash -€922
down €922 (-71.8%), from €1,285 to €363
mainly Net result for the year (-€2,896) and Other debts (-€418)
- Profit (loss) carried forward -€2,896
down €2,896 (-2.5%), from -€117,848 to -€120,744
- Trade debts +€752
up €752 (+33.2%), from €2,264 to €3,015
- Other debts -€418
down €418 (-1.2%), from €35,650 to €35,232
- Gross operating margin +€2,877
up €2,877 (+99.5%), from -€2,891 to -€14
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,888 | €16,333 | -€2,555 | -13.5% |
| Fixed assets | 21/28 | €16,627 | €14,864 | -€1,763 | -10.6% |
| Tangible fixed assets | 22/27 | €16,127 | €14,364 | -€1,763 | -10.9% |
| Plant, machinery and equipment | 23 | €350 | - | -€350 | |
| Other tangible fixed assets | 26 | €15,777 | €14,364 | -€1,413 | -9.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,261 | €1,469 | -€792 | -35.0% |
| Amounts receivable within one year | 40/41 | €216 | €305 | +€89 | +41.1% |
| Trade receivables | 40 | - | €41 | +€41 | |
| Other amounts receivable | 41 | €216 | €264 | +€47 | +21.9% |
| Cash at bank and in hand | 54/58 | €1,285 | €363 | -€922 | -71.8% |
| Deferred charges and accrued income | 490/1 | €759 | €801 | +€41 | +5.4% |
| Total equity and liabilities | 10/49 | €18,888 | €16,333 | -€2,555 | -13.5% |
| Equity | 10/15 | -€49,028 | -€51,924 | -€2,896 | -5.9% |
| Contributions | 10/11 | €68,820 | €68,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,848 | -€120,744 | -€2,896 | -2.5% |
| Amounts payable | 17/49 | €67,916 | €68,257 | +€341 | +0.5% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,914 | €38,248 | +€334 | +0.9% |
| Trade debts | 44 | €2,264 | €3,015 | +€752 | +33.2% |
| Suppliers | 440/4 | €2,264 | €3,015 | +€752 | +33.2% |
| Other amounts payable | 47/48 | €35,650 | €35,232 | -€418 | -1.2% |
| Accrued charges and deferred income | 492/3 | €3 | €10 | +€7 | +240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,763 | €1,763 | = | 0.0% |
| Other operating charges | 640/8 | €954 | €960 | +€6 | +0.6% |
| Gross operating margin | 9900 | -€2,891 | -€14 | +€2,877 | +99.5% |
| Operating profit (loss) | 9901 | -€5,608 | -€2,737 | +€2,871 | +51.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €157 | €159 | +€2 | +1.5% |
| Recurring financial charges | 65 | €157 | €159 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,765 | -€2,896 | +€2,869 | +49.8% |
| Profit (loss) for the period | 9904 | -€5,765 | -€2,896 | +€2,869 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,765 | -€2,896 | +€2,869 | +49.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.